Fiduciary Financial Advice

One thing that has plagued the financial services industry is ‘trust’ of the industry.  Unfortunately, there are many reasons that some people have developed a distrust of financial companies and the individuals that work for them.  It may be due to the media, entertainment (movies), or a personal situation that has happened in the past.  When advisors work with clients, they take on the role of a Fiduciary, which involves acting in the best interest of all clients. Serving as a fiduciary helps clients reach their financial goals.

Working within our business model, we take ‘fiduciary relationships’ seriously.

A ‘Fiduciary’ is a company or a person who holds a legal or ethical relationship of trust with one or more parties (person or group of people).

A Fiduciary has a legal responsibility to take care of money or other assets for another individual.  Part of being a fiduciary and working with clients involves transparency, full disclosure, and 24/7 access for clients to have all relevant information regarding their assets at any time.  It also includes giving clients information that advisors have access to prior to making an investment decision.

Part of the ‘distrust’ that has plagued the industry can be summed up with the storylines of two movies, The Big Short and The Wolf of Wall Street,in which clients are taken advantage of for a ‘salesman’ to profit.  Unfortunately, this happens in real life when there is no disclosure and no ‘fiduciary standard’ enforced at the firm, or by the individuals working for the firm.

Our processes are client-centric, and based on a conflict-free financial advice model.   We welcome your inquiry, as well as you questioning and understanding our advice as we work with you.

Related posts

7 Steps to Help You Plan for Retirement

Wealth preservation is essential for many individuals but warrants a specific focus for those nearing retirement. Understanding the complexities of wealth preservation is crucial, particularly for pre-retirees. Today’s pre-retirees may need a more detailed retirement plan, whether due to inheritance, accomplishment in the corporate world, or entrepreneurial fulfillment....

Read More

Understanding the 2024 Social Security Changes: A Comprehensive Review

As the landscape of our economy shifts and evolves, so do the policies and practices that guide our federal programs. One such program that undergoes continual alterations and modifications is Social Security. In this article, we will explore the social security changes anticipated in 2024 that could significantly affect...

Read More